Current Affairs Today 3 July 2020
Hello Aspirants, Here we provide the important and Latest Current Affairs Today 3 July 2020, which have Latest updates of Current Affairs 2020 from all the newspapers such as The Hindu, The Economics Times, PIB, Times of India, Business Standard, Financial Express, Indian Express and all other official Government websites.
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Top 15 Current Affairs of 3 July 2020
National News
SERB Launches Accelerate Vigyan Scheme to Provide Platform For Research Internships
- The Science and Engineering Research Board (SERB) has launched a new scheme called ‘Accelerate Vigyan Scheme’ (AV Scheme) to provide a single platform for research internships, capacity building programs, and workshops across the country.
- The primary objective of this inter-ministerial scheme is to give more thrust on encouraging high-end scientific research and preparing scientific manpower, which can lead to research careers and knowledge-based economy.
- Accelerate Vigyan Scheme will initiate and strengthen mechanisms of identifying research potential, mentoring, training and hands-on workshop on a national scale. The institution is also planning to launch an app for this in the coming two months……Click Here to Read More
Harsh Vardhan Releases Handbook For FPIS of NBE
- Union Minister of Health & Family Welfare Harsh Vardhan on Wednesday released the Good Clinical Practice Guidelines Handbook and Prospectus for Fellowship Programme for International Students (FPIS) of National Board of Examinations (NBE), here along with Mos Health Ashwini Kumar Choubey.
- Releasing the e-books on the web platform, Dr Harsh Vardhan exhorted the medical community to pledge to follow ethical behaviour in their profession.
- He said “Good Clinical Practice Guidelines Handbook is an attempt to provide guiding points to all Diplomates of National Board (DNB) residents to follow the principles of ethical and professional conduct expected from a medical professional. The exercise is aimed at the safety of doctors and patients alike……Click Here to Read More
Estimated Cost of Distribution of Food Grains (Rice and Wheat) and Pulses Under PMGKAY during April-Nov 2020 is Around Rs 1,48,938 crore
- The estimated cost for distribution of food grains (rice and wheat) and pulses under the Pradhan Mantri Garib Kalyan Ann Yojana during April – November 2020 is around Rs1,48,938 crore, says the Union government.
- The estimated cost for distribution of food grains (rice and wheat) and pulses under the Pradhan Mantri Garib Kalyan Ann Yojana during April – November 2020 is around Rs1,48,938 crore, says the Union government.
- On Tuesday, prime minister Narendra Modi had announced extension of the PMGKAY till the end of November 2020. During this five-month period from July till November, more than 800 million people will be provided 5 kg free wheat or rice per month along with 1kg free whole chana to each family per month……Click Here to Read More
Committee For Reform in Criminal Law to Start Online Consultation From 4th July 2020
- The Ministry of Home Affairs (MHA) has constituted a national level committee for reform in criminal law.
- The committee, which has several leading legal academicians on board, would be gathering opinions online, consulting with experts and collating material for their report to the government.
- The consultation exercise would start on July 4 and go on for the next three months.
- The committee, in its official website, has invited experts in the field of criminal law to participate in the exercise through an online consultation mechanism. Questionnaires have been posted online on the possible reforms in the Indian Penal Code, Code of Criminal Procedure and Indian Evidence Act.cC……Click Here to Read More
Business News
Government Approves Scheme to Infuse liquidity into HFCs and NBFCs
- Reserve Bank of India on Wednesday said the government of India has approved a scheme to improve the liquidity position of NBFCs/HFCs through a Special Purpose Vehicle (SPV) to avoid any potential systemic risks to the financial sector. To be eligible under the scheme, RBI laid out the conditions-
- a) The Non-Banking Financial Company (NBFCs), including Microfinance Institutions that are registered with the RBI, under the Reserve Bank of India Act, 1934, excluding those registered as Core Investment Companies
- b) Housing Finance Companies that are registered under the National Housing Bank Act, 1987……Click Here to Read More
ICICI Bank Launches Instant Loan Against Mutual Fund Units
- ICICI Bank has launched a facility that enables retail customers to get loan of up to ₹1 crore instantaneously by pledging their holdings in both debt and equity mutual funds. The fully digital and paperless facility empowers the customers to avail this loan as an overdraft (OD) in a matter of few minutes, without visiting a branch and submitting physical documents.
- ICICI Bank has launched ‘Insta Loans against Mutual Funds’ in partnership with ‘Computer Age Management Services’ (CAMS). ‘Insta Loans against Mutual Funds’ is an extension of the Insta LAS, an instant loan facility against equity shares, which the bank had launched over a year ago.
- “We are happy to partner with CAMS for this facility……Click Here to Read More
Awards & Recognitions
Siddhartha Mukherjee, Prof Raj Chetty among ‘2020 Great Immigrants’ Honourees
- Two renowned Indian-Americans who have contributed towards the efforts in mitigating the COVID-19 health crisis are among the 38 immigrants honoured by a prestigious American foundation ahead of US Independence Day commemoration this year.
- Pulitzer Prize-winning author and oncologist Siddhartha Mukherjee, and Professor of Economics at Harvard University Raj Chetty have been named by the Carnegie Corporation of New York as ‘2020 Great Immigrants’ honourees, the Corporation said in a statement on Wednesday.
- Born in New Delhi, Mukherjee is a noted biologist, oncologist and the author of several acclaimed books, including the Pulitzer Prize-winning ‘The Emperor of All Maladies: A Biography of Cancer’……Click Here to Read More
Mon District Administration Conferred SKOCH Awards in Nagaland
- The District Administration, Mon has been conferred the SKOCH Awards 2020, under 3 different categories in the 65th SKOCH Summit.
- Mon district has been awarded the SKOCH Crucible Award 2020 for its initiative – Financially Inclusive Mon, SKOCH Order of Merit 2020 for its initiative – District Response to COVID-19 and SKOCH Honourable Mention 2020 for its initiative -Skill Mon Mission, informed the Extra Assistant Commissioner, Mon.
- Under Financially Inclusive Mon, the District Administration Mon focused on Mission Mode implementation of opening of bank accounts……Click Here to Read More
Appointments & Resignations
Karnam Sekar Retires as Indian Overseas Bank MD & CEO
- Public sector Indian Overseas Bank (IOB) on Thursday said its managing director and chief executive Karnam Sekar retired on June 30.
- The lender in a regulatory filing said “Karnam Sekar has demitted office as MD & CEO of the bank on June 30, 2020, being the date of his superannuation”.
- He had joined the bank as an OSD (officer on special duty) and whole-time director on April 1, 2019 and was elevated as MD and CEO on July 1, 2019 after the retirement of Subramaniam Kumar……Click Here to Read More
Agricultural Experts Dr. Uma Lele & Prof. Rattan Lal From India Named by UN Chief to Scientific Group For 2021 Food Summit
- Two eminent agricultural experts hailing from India have been named members of an international scientific group, aimed to offer foremost scientific evidence for sustainable food systems, established by UN chief Antonio Guterres ahead of a global food summit next year.
- Prof. Rattan Lal of Ohio State University and Dr. Uma Lele of the International Association of Agricultural Economists (IAAE) are among the Scientific Group Members named by Guterres, a statement issued by the UN spokesperson said.
- Lal, a preeminent Indian-American soil scientist, was named last month as the 2020 World Food Prize Laureate for developing and mainstreaming a soil-centric approach to increasing food production that conserves natural resources and mitigates climate change……Click Here to Read More
Shashank Manohar Steps Down, Imran Khwaja Interim ICC Chairman
- Shashank Manohar’s tenure as the International Cricket Council’s first independent chairman came to an end on Wednesday.
- According to a media release sent by the ICC, Deputy Chairman Imran Khwaja will take over as interim chairman till the election process is set in motion.
- “ICC Chairman Shashank Manohar has stepped down after two, two-year tenures at its helm. The ICC Board met today and agreed that Deputy Chairman Imran Khwaja will assume the responsibilities of the Chairperson until a successor is elected,” ICC stated in a release.
- Manohar, as per ICC rules, could have stayed for another two-year term as a maximum of three terms are allowed.
About ICC-
The International Cricket Council (ICC) is the world governing body of cricket.It was renamed as the International Cricket Conference in 1965, and took up its current name in 1989.It organises world championship events such as Cricket World Cup, Women’s Cricket World Cup, ICC T20 World Cup, ICC Women’s T20 World Cup, ICC Champions Trophy and Under-19 Cricket World Cup.
- Formation – 15 June 1909
- Headquarters– Dubai, United Arab Emirates
- Chairman– Shashank Manohar
- CEO – Manu Sawhney
Chola MS General Insurance Elevates V Suryanarayanan As Its New MD
- Cholamandalam MS General Insurance Company on Tuesday announced the appointment of V Suryanarayanan as its new Managing Director with effect from July 1.
- Suryanarayanan succeeds S S Gopalarathnam, who retires on Tuesday after serving the company for over 41 years, the city-based company said. Cholamandalam MS General Insurance is a Joint Venture between diversified conglomerate Murugappa Group and Japan- based Mitsui Sumitomo Insurance Company Ltd.
- Suryanarayanan currently serves the company as its President and Chief Operating Officer and he will take over the new role on July 1. Gopalarathnam said “after spending 41 years in Murugappa Group, last 19 years in Chola and 12 plus years in Chola MS as its MD and CEO, I will be retiring from service today.” Commenting about his successor, he said “Suryanarayanan is an old veteran in the Murugappa Group and he came into Chola and has been in the company for 14 years.
- The last one year or so, he has been the president and COO. He is going to be the MD and CEO tomorrow”. On taking over the new responsibility, Suryanarayanan said it was an honour and privilege to take over the reins from Gopalarathnam. “The best edition of Murugappa Group and Chola MS shall continue even during my reign as the head of the company”.
- Gopalarathnam, a chartered accountant and company secretary, had joined the Murugappa Group in 1979 as a management trainee at TI Cycles and served in various capacities in finance and marketing functions.
- On the company”s performance during the first quarter ending June 30, 2020, Gopalarathnam said they expect to record a degrowth following the nationwide COVID-19 enforced lockdown and added that conditions may improve from the third quarter onwards. “Q1,we (Chola MS) may be de-growing at around 14-15 per cent and industry”s degrowth will be around 12-13 per cent… We expect some kind of flattening in Q2. Third quarter onwards we may expect some growth to happen. There is high possibility for motor insurance coming back to normal,” he said.
- Gopalrathnam said the company”s health insurance saw a good response for its COVID-19 related products. On whether the company was looking at raising funds, he said there were no such plans for the current financial year. “Right now the solvency ratio (of the company) is at 1.70 and it is possible we may end up at 1.70-1.80 this financial year. Therefore there is no need for capital for the current fiscal,” he said.
About Cholamandalam MS General Insurance-
Cholamandalam MS General Insurance Company Ltd is an Indian insurance firm and a joint venture between the Murugappa Group, an Indian conglomerate, and the Mitsui Sumitomo Insurance Group, a Japanese insurance company.
- Founded – 2001
- Headquarters – Chennai
- Chairman– MM Murugappan
- Managing Director– V Suryanarayanan
Indra Mani Pandey Appointed India’s Permanent Representative to UN in Geneva
- Seasoned diplomat Indra Mani Pandey has been appointed as India”s next Permanent Representative to the United Nations and other international organisations in Geneva.
- Pandey, a 1990-batch Indian Foreign Service officer, is currently serving as an additional secretary in the Ministry of External Affairs (MEA).
- “He is expected to take up the assignment shortly,” the MEA said in a statement.
- Pandey succeeds Rajiv K Chander in Geneva.
- In his nearly three-decade career, Pandey served in Indian missions in Damascus, Cairo, Islamabad, Kabul, Muscat and Geneva.
- He also served as joint secretary in the Disarmament and International Security Affairs division of the MEA at its headquarters in Delhi.
About United Nations–
The United Nations is an intergovernmental organization that aims to maintain international peace and security, develop friendly relations among nations, achieve international cooperation, and be a centre for harmonizing the actions of nations.
- Founded – 24th October 1945
- Headquarters –New York, United States
- Secretary-General: Antonio Guterres
IRDAI Sets Up Group to Find Space For Selling Surety Bonds
- The Insurance Regulatory and Development Authority of India (IRDAI) has set up a nine member working committee to look at the possibility of Indian non-life insurers offering Surety Bond to contractors.
- The IRDAI has set up the committee after the Ministry of Road Transport and Highways requested it to examine the possibility of offering Surety Bond for contractors.
- According to IRDAI the Ministry of Road Transport and Highways had written to it pointing out the Covid-19 pandemic and its impact on the economy, liquidity and cash flow issues faced by the Indian banking sector……Click Here to Read More
Science & Technology
IAF builds locust control system for MI-17 helicopters
- The Indian Air Force has indigenously modified two Mi-17 helicopters for atomised airborne spraying of pesticide to deal with locust attack, according to a statement issued by the IAF on Tuesday.
- Using all indigenous components, the atomised airborne spraying of pesticide has been successfully achieved in air through a configuration of nozzles mounted both sides on external trusses of a Mi-17 helicopters, the statement added.
- The nozzles used for the purpose are a mix of commercially available as well as the ones developed by the Central Scientific Instruments Organisation (CSIO), Chandigarh……Click Here to Read More
India and ISRO team up with Swedish Space Agencies For the 2023 Venus Mission-Shukrayaan-1
- On board the Indian Venus mission Shukrayaan-1, the Swedish Institute of Space Physics (IRF) will explore Venus for the second time.
- IRF’s satellite instrument Venusian Neutrals Analyzer (VNA) will study how the charged particles from the Sun interact with the atmosphere and exosphere of the planet. Between 2006-2014 IRF’s instrument ASPERA-4 (Analyzes of Space Plasma and EneRgetic Atoms) studied Venus on board the European spacecraft Venus Express. The satellite instrument measured the plasma properties around Venus in detail, as well as neutral atoms that escape into space from the atmosphere. ASPERA-4 consisted of four different sensors to analyze energetic neutral atoms (ENAs) and plasma particles.
- “Venus is the twin of our Earth, but these planets are very different. The atmosphere is dense and hot, but it is waterless……Click Here to Read More
Obituary
West Indies Legend Everton Weekes, the Last of the Three ‘Ws’, Passes Away at 95
- Cricket”s biggest names, most of whom could hear only stories of Sir Everton Weekes” exploits from the bygone era, on Thursday remembered the “great” batsman and a “greater human being” in glowing tributes after he died aged 95.
- Weekes, who formed the famous three ”Ws” of West Indies cricket alongside Clyde Walcott and Frank Worrell as part of a formidable batting lineup for more than a decade, died on Wednesday.
- His death left the cricket world in a state of mourning.
- “As one of the remarkable ”Three Ws”, along with Sir Clyde Walcott and Sir Frank Worrell, who together struck 39 Test centuries, he played an important hand in a period that marked the rising dominance of West Indies cricket,” the ICC said in its obit.
- In his career, Weekes played 48 Test matches and made 4,455 runs at an average of 58.61 per innings. That included a world-record five consecutive centuries in 1948 — scores of 141 against England in Jamaica, followed by knocks of 128, 194, 162 and 101 in India. In his next innings in Madras, he made 90 when he was controversially run out.
- All three — Walcott and Worrell, Weekes — were born within a couple of miles of one another – within 18 months in Barbados between August 1924 and January 1926, and all made their Test debuts within three weeks in early 1948.
- Worrell died in 1967 and Walcott in 2006.
- Weekes” average of 58.61 runs places him along with George Headley in the top 10 Test averages of all time.
Important Days
World Sports Journalists Day 2020 – History, Date and Significance
- Most of us will be aware of the sports journalism term from which field they are insulated and the work of the journalists involved. Nevertheless, those who do not know how to convey their main task are conveying every little information related to sports. Sports journalism is the essential department of any media organization.
- Due to the growing impact of sports, the impact of sports media is also continuously increasing, thereby increasing growth and job keys. And because of the growing impact of digital, there are now a number of dedicated channels, especially sports, meaning only you will find sports news. There are many newspapers and magazines in France, Italy, Spain, Britain, and the United States that only publish the sports world news.
- World Sports Journalists Day was established by the International Sports Press Association in 1994 to mark the 70th anniversary of its foundation……Click Here to Read More
Current Affairs Today
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